What is financial planning?

Financial Planning is the process of developing strategies to help you manage your finances and achieve your financial objectives.

It is suitable for anyone who wants to take a comprehensive and structured approach to planning their finances.

You don’t have to be wealthy and financial planning can benefit most individuals and families.

How does the process work?

The process usually involves the following steps:

  • Initial meeting

We explore your financial circumstances and objectives. We then agree the advice areas that may be appropriate.

  • Engagement letter

We will write to you after the meeting providing a summary of our discussion, confirmation of fees and timescales and request additional information if required.

  • Report writing

We will carry out comprehensive research and then write a report on the basis agreed.

  • Second meeting

Our report is presented and recommendations given. We agree actions to be taken, who implements them and when. This meeting is followed up with a letter confirming this and any additional fees for implementation.

  • Implementation

The actions agreed are implemented. Usually our fees are invoiced on completion of this stage. We will agree a review date.

  • Review

The process starts again, at a meeting changes to circumstances are noted, financial objectives re-confirmed and the progress made in achieving those objectives is assessed.

Please can you give me some idea as to how much you would charge?

The initial meeting is free of charge.

After the initial meeting charges vary depending on the complexity of the work involved. All our fees are based on an hourly rate.

We can normally confirm an exact fee before any work commences you will then be able to decide if you would like to go ahead and know what you will pay and when.

How do I pay for your services?

We will invoice you when the agreed work has been completed and you can pay by cheque or bank transfer. In some cases it may be better for a charge to be taken from a financial product such as your pension.

Are you independent?

Yes.

The ethos of the firm is to provide advice that is truly unbiased. Our fee structure is such that we do not have any requirement to sell products or earn commission. Our firm is independently owned and we do not have any link to product providers nor do we provide products of our own.

What areas do you specialise in?

How do you select investments for a client?

This will be guided by how much risk they would like to take, the time scale of the investment, their requirements for capital growth and income as well as any ethical or environmental criteria.

As part of the financial planning process an analysis of these factors and a review of existing investments including performance and asset allocation will determine the overall risk and suitability of investments and how funds should be re-allocated.

Importantly a review programme is agreed to ensure a client’s investments continue to meet their requirements.

How will I benefit from working with you?

You know that advice will be based on a comprehensive analysis of your circumstances by a qualified and experienced financial planner.

Our fee rates are competitive and we aim to deliver a far greater value to you from planning than you will pay in fees, for example by reducing charges on financial products, saving tax and re-organising investments.

How do you find your clients?

New clients are usually referred to us by existing clients as well as other professionals such as lawyers and accountants.

How do I become your client?

You can use the contact page of our website to send an e-mail. Alternatively you can telephone or write to us.

We will be pleased to discuss your requirements in an initial meeting for which there will be no fee. After this we will write to you laying out the basis for advice and the fees. If you are happy to proceed we will ask you to sign a terms of business agreement.